Voxeo said today it has raised $9 million in funding for its voice communications business.
The Orlando, Fla.-based company is focused on making open platforms based on what it calls “unlocked communications,” such as voice-over-Internet-protocol on mobile platforms or unified messaging and voice communications. It essentially helps companies run their phone systems using modern web-based technologies. The investors include North Atlantic Capital and the Florida Growth Fund. The company will use the money for acquisitions and other expansions.
In the past 14 months, Voxeo has acquired three companies. This is the first investment made by the Florida Growth Fund, a $250 million partnership between the State Board of Administration of Florida and private equity firm Hamilton Lane, which has $88 billion under management.
The company’s products include a self-service enterprise platform that lets companies automate their customer and employee communications via phone, text message, instant message, Twitter and more. It also has application servers for enterprise VoIP platforms. The company has more than 100,000 developers that use its platforms to create products for 45,000 companies.
Voxeo was founded in 1999 and has 140 employees. Rivals include Genesys, Convergys/Intervoice, and Microsoft’s Tellme subsidiary. The company has seen triple-digit revenue growth for five years and has been profitable for 22 quarters.
Don’t miss MobileBeat 2010, VentureBeat’s conference on the future of mobile. The theme: “The year of the superphone and who will profit.” Now expanded to two days, MobileBeat 2010 will take place on July 12-13 at The Palace Hotel in San Francisco. Early-bird pricing is available until May 15. For complete conference details, or to apply for the MobileBeat Startup Competition, click here.